Establishes the Mountain Homes Act to facilitate home construction funding in West Virginia.
The Mountain Homes Act aims to remove barriers to funding for home construction to promote a sustainable quality of life for the state's workforce. The act creates the Mountain Homes Fund, managed by the Department of Economic Development, to offer loan guarantees for residential housing projects. Eligible projects must include at least six residential units, have an appraised value of at least $800,000, and meet specific criteria such as timely completion and adherence to local government standards.
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